Alpine Ridge Funding, a factoring commercial finance company, announced its official launch. Strategically backed with equity from Mountain Ridge Capital, Alpine Ridge is focused on originating, underwriting and managing factoring facilities from $50,000 to $30 million.
Mountain Ridge Capital closed a $30 million senior secured credit facility for a Midwest-based designer and manufacturer of footwear, slippers and hosiery and a $25 million senior secured credit facility for a West Coast-based manufacturer and distributor of action sports products.
Mountain Ridge Capital hired Daniel Williams as a managing director of business development covering the Northeast region. In his role as business development officer, Williams will spearhead the company’s efforts to build relationships with key stakeholders in the Northeast.
Mountain Ridge Capital closed a senior secured credit facility for a commercial bakery operation in the Southeast. The new credit facility, consisting of a $3 million revolving line of credit and a $3 million term loan, refinanced a national commercial bank.
Encina Lender Finance closed a $50 million senior secured credit facility for Mountain Ridge Capital, an asset-based commercial finance company backed by Arena Investors.
Mountain Ridge Capital and Great Rock Capital, jointly closed a $75 million senior secured credit facility for HOP Energy.
Tree Buckingham has been a pioneer in the asset-based lending space for 30 years. Always eager to learn more, take on new roles and explore advancing technology, Buckingham is already on to her next great endeavor with Mountain Ridge Capital.
Mountain Ridge Capital, an asset-based commercial finance company, hired Bill Drmacich and Jay Fabian as managing directors of business development. Both Drmacich and Fabian will collaborate to provide all forms of credit to lower middle-market companies across the country.
Mountain Ridge Capital (MRC) selected and deployed Solifi’s asset-based lending software solution. MRC is partnering with Solifi because of its technology platform, industry knowledge, fast implementation and the ability to scale in line with the company’s growth targets.
Mountain Ridge Capital, an asset-based commercial finance company, officially launched. Backed with equity from Arena Investors, the company will be led by Craig Winslow as president and chief credit officer.